Tagged: high-quality

Alibaba is investigated

On the morning of the 24th, the People’s Daily client published a comment entitled “Strengthening Anti-Monopoly Supervision Is for Better Development”. The full text is as follows:

Recently, the State Administration of Market Supervision has filed a case for suspected monopolistic behaviors such as “choose one out of two” on Alibaba Group Holdings Co., Ltd. based on previous inspections and research based on reports. This is an important measure for my country to strengthen anti-monopoly supervision in the Internet field, which is conducive to standardizing the order of the industry and promoting the long-term and healthy development of the platform economy.

In recent years, my country’s online economy has developed vigorously, and new business forms and new models have emerged one after another, which has played an important role in promoting high-quality economic development and meeting the people’s growing needs for a better life. But at the same time, the online economy is also showing a trend of increasing market concentration by virtue of its data, technology, and capital advantages. Market resources are accelerating to concentrate on leading platforms. There are increasing reports and reports on platform monopoly issues, showing that online There are some risks and hidden dangers in economic development. The recent meetings of the Political Bureau of the Central Committee and the Central Economic Work Conference both clearly requested the strengthening of anti-monopoly and the prevention of disorderly expansion of capital, which received enthusiastic response and widespread support from the society. It can be seen that antitrust has become an urgent issue related to the overall situation.

Alibaba

Anti-monopoly and anti-unfair competition are inherent requirements for improving the socialist market economy system and promoting high-quality development. Fair competition is the core of the market economy. Only a fair competitive environment can achieve effective resource allocation and the survival of the fittest. Monopoly hinders fair competition, distorts resource allocation, harms the interests of market entities and consumers, and stifles technological progress. Regulators have been highly vigilant. Development and safety hazards. Since the birth of the online economy, my country has always supported and encouraged Internet platform enterprises to innovate and develop and enhance their international competitiveness. In August 2019, the “Guiding Opinions on Promoting the Standardized and Healthy Development of the Platform Economy” was issued, proposing measures to increase policy guidance, support and guarantees. It should be said that my country’s platform economy and online economy are in the forefront of the world and cannot be separated from the great era of reform and opening up. They benefited from China, the world’s largest market, and benefited from the government’s policy measures to encourage development and innovation. However, encouragement and regulation should be given equal attention. The online economy must be innovative and developed in accordance with laws and regulations. If the restrictions of laws and regulations are exceeded, market monopoly, disorderly expansion, and barbaric growth will eventually make the entire industry unable to achieve healthy and sustainable development. This time, the regulatory authorities initiated investigations into Internet companies suspected of monopolistic behavior in accordance with laws and regulations, precisely in order to better regulate and develop the online economy and allow the Internet industry to move better on the track of the rule of law.

Looking at the world, anti-monopoly is an international practice, which is conducive to protecting fair market competition and innovation, and safeguarding consumer rights. Faced with the “super platform” of the Internet, anti-monopoly law enforcement agencies around the world have adopted strict regulatory attitudes and restrictive measures. Strengthening anti-monopoly supervision, protecting the legitimate rights and interests of consumers, maintaining fair competition in the market order, and stimulating market vitality have become the general trend and popular desire. The United States is the first country in the world to promulgate antitrust laws. In recent years, the United States has continuously increased its antitrust investigations against Internet technology giants, focusing on the abuse of market dominance, suppressing competitors, obstructing innovation, and harming consumers. Interest etc. On December 15, the European Union promulgated the “Digital Services Law” and the “Digital Market Law” aimed at curbing unfair competition on large online platforms. In the past four years, Google, Apple, Facebook, Amazon and other technology giants have been subject to antitrust investigations around the world. Among them, the EU has imposed antitrust penalties on Google for three consecutive years from 2017 to 2019, with a cumulative amount of more than 9 billion US dollars.

Strengthening anti-monopoly supervision will also effectively promote innovation and promote co-governance. my country is recognized as one of the leading countries in the development of the global digital economy. It is more necessary to promote the healthy development of the industry through anti-monopoly, improve the digital rules, and lay a solid foundation for building a new development pattern. In recent years, my country’s anti-monopoly rule of law in the Internet field has made great progress. The “Guidelines for Anti-monopoly in the Platform Economy Field” have been publicly solicited for comments, which will effectively enhance the operability and predictability of the anti-monopoly legal system; announced earlier this year The “Anti-Monopoly Law” Amendment Draft (Draft for Public Comment) for the first time added provisions on the basis for determining the basis for Internet operators’ market dominance. It must be noted that the “Anti-Monopoly Law” applies to all entities and treats domestic and foreign capital, state-owned and private enterprises, large and medium-sized enterprises, Internet enterprises and traditional enterprises equally and equally. The purpose is to ensure the equal participation of various market entities. market competition. Only by continuously improving the legal norms of platform enterprise monopoly identification, data collection and use management, consumer rights protection, etc., and maintaining fair market competition, can the entire industry maintain its innovative vitality and achieve healthy development.

If you don’t follow the rules, you can’t make a circle. This investigation does not mean that the country’s attitude towards the encouragement and support of the platform economy has changed. It is precisely for the purpose of better regulating and developing the platform economy, guiding and promoting its healthy development, with a view to making improvements for the high-quality development of the Chinese economy. Great contribution. I believe that by strengthening anti-monopoly supervision, obstacles that affect the healthy development of the platform economy can be eliminated, and the platform economy will also usher in a better development environment.

Why Baoneng was named

 

Regarding the progress of Baoneng’s investments in various places and the auto parts and components projects that it plans to invest in, as of press time, the National Development and Reform Commission has not announced the results of the investigation.

Amidst the tide of new energy vehicles, fish and dragons are mixed and muddy and muddy. This is considered by the industry to be one of the reasons for this investigation by the National Development and Reform Commission.

An industry insider close to the National Development and Reform Commission said in an interview with a reporter from China Business News that new energy vehicles have now entered a stage of rapid development and may soon surpass fuel vehicles in the future. At this time, the National Development and Reform Commission will conduct new energy vehicle industries in various regions. The bottom line survey is to hope that this industry can develop in a healthy and stable manner, and also to remind everyone to develop rationally, and investment is more impulsive now.

“In the past, the development of photovoltaic and wind power have experienced ups and downs.” The above-mentioned NDRC person familiar with the matter believes that the National Development and Reform Commission’s practice of finding out the national new energy automobile industry is very good, because any enterprise has problems, it is the whole society. In the end, the public is paying the bill.

The common feature of Evergrande and Baoneng named in the “Notice” is to build vehicles from the real estate industry to the field of new energy vehicles, and to launch new energy vehicle projects in many places across the country. The outside world is still unclear about the specific investigation content required by the National Development and Reform Commission in the “Notice”, but some analysts believe that its main purpose is to investigate whether companies have borrowed to invest in new energy vehicles.

In an interview with a reporter from China Business News, the manager of a Guangzhou manufacturing company with a certain scale of industrial land said that according to his understanding, in the past few years, some mainland governments have compared land granted to high-tech projects such as semiconductors and new energy vehicles in order to attract investment. Loose, and also give very considerable subsidies. Some companies can use this to mortgage financing after acquiring thousands of acres of land, but the actual investment in the local area is very limited. Therefore, some inland cities have successively appeared “zombie” companies, and some companies have also changed industrial land. Into commercial land.

The boss of the above-mentioned manufacturing company also mentioned that the overall supervision of Guangzhou City is relatively strict. The industrial land he bought 20 or 30 years ago was changed to commercial land to make up the difference, which was many times higher than that of industrial land. He was reluctant to invest. Changed to commercial land, but now it is difficult to do manufacturing and there is a plan to change industrial land to commercial land, but it is basically impossible to change it. If it is the transformation of the three olds, there are ways to handle it. If not, it must be handed over After the government purchases and reserves, it will bid for auction.

“There are very few industrial land used by high-tech enterprises, which can apply for a certain proportion of supporting commercial land to build employee dormitories, but most industrial land cannot be changed.” said the CEO of the aforementioned manufacturing company.

Regarding this investigation by the National Development and Reform Commission, another starting point is considered to be to prevent overcapacity. An insider of a car company who did not want to be named believes that this move is beyond the bottom line and also sends a signal to prevent the current overcapacity of new energy vehicles.

The “Notice” stated that the “New Energy Automobile Industry Development Plan (2021-2035)” (hereinafter referred to as the “plan”) issued by the General Office of the State Council this year clearly proposes to strengthen supervision during and after the event, consolidate the main responsibility of local governments, and curb blindly launching new energy vehicles. The chaos of energy vehicle manufacturing projects is also to strengthen investment supervision and promote the high-quality development of the new energy vehicle industry.

In the above plan, the proportion of new energy vehicle sales in the total sales of new vehicles has been reduced from the previously mentioned 25% to about 20%. In addition to the hard indicators in terms of weakening, the plan emphasizes the construction of key technologies and infrastructure.

Evergrande, Baoneng and other companies have launched hundreds of thousands or even millions of new energy projects in many places, so this is considered by the industry to be one of the reasons for being named. A comprehensive investigation will prevent overheating of investment in new energy vehicles.